It just crossed $37 trillion!
@hectorp7006
Tell me it's a Ponzi scheme without telling me it's a Ponzi scheme
@JonSmith-v7b
Banks don't invest deposits, they create "new" money when they lend. The loans create the deposits. Just like the "new" science and the "new" genders and the "new" wars.
@asdlksjdlkfjlskdgh
Let's not kid ourselves here. They're passing 0.01% interest back to us. This, for example, is JP Morgan Chase's savings account return at the time this video was released, while keeping the rest of the earnings from bonds and loans for themselves and their wealthier investors. They own all the bonds and loans based on the money we give them, and keep almost all of the benefits of the risks we take in depositing with them. There is a reason usury was illegal until you know who took over our banks.
@envyamore9588
All wars are banker wars. The greatest trick ever played in economics was to turn currency into nothing but debt. The only thing this system can create is wealth inequality and concentrate resource access.
In this video, The Invisible Hand explores the staggering scale of global debt at $300 trillion. It is triple the world’s GDP, and has a central role as the engine of modern economies. While the U.S. owes $36 trillion, much is held domestically by banks, pension funds, and citizens through bonds, creating a circular system where money flows between lenders and borrowers. Similarly, countries lend and borrow from each other, forming an interconnected web. Debt fuels growth, governments spend borrowed money to stimulate economies, but this reliance creates risks. Rising interest payments divert funds from public services, and inflation or loss of lender confidence can trigger crises, as seen in Greece and Venezuela. Developing nations face debt traps, while wealthier countries sustain borrowing at low rates. The system’s fragility is driving interest in tangible assets like gold. Ultimately, debt is a foundational but precarious pillar of the global economy, with no easy exit.